HomeMost PopularMeta Q3: An Explosion Of Growth

Meta Q3: An Explosion Of Growth

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Shares of Meta Platforms (NASDAQ:META) fell 4% yesterday after the firm submitted a much better-than-expected earnings sheet for the third quarter. Meta Platforms, which last year suffered immensely due to a slowdown in ad spend on the social media

in mil $

Q3โ€™22

Q4โ€™22

Q1โ€™23

Q2โ€™23

Q3โ€™23

Y/Y Growth

Revenues

$27,714

$32,165

$28,645

$31,999

$34,146

23.2%

Operating Cash Flow

$9,691

$14,511

$13,998

$17,309

$20,402

110.5%

Purchases of Property/Equipment

($9,355)

($8,988)

($6,823)

($6,134)

($6,496)

-30.6%

Payments on Finance Leases

($163)

($235)

($264)

($220)

($267)

63.8%

Free Cash Flow

$173

$5,288

$6,911

$10,955

$13,639

โ€“

Free Cash Flow Margin

0.6%

16.4%

24.1%

34.2%

39.9%

โ€“

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